NEW YORK (Standard&Poor's CreditWire) Sept. 28, 2000--A full sovereign analysis on the Kingdom of Morocco is now available on the Standard&Poor's Web site at www.standardandpoors.com/ratings. The ratings on the Kingdom of Morocco are constrained by: -- Its high public-sector and external debt burdens. Total public-sector debt and net public-sector external debt, at an estimated 100% of GDP and 83% of exports, respectively, in 2000, still significantly exceed both single-'B' and double-'B' medians. -- Its deteriorating fiscal indicators. The central government deficit, excluding privatization receipts, is expected to reach 7.4% of GDP this year, and the primary balance, which had been in surplus for a decade, is now in deficit. -- An economy subject to volatile GDP
